Both classes of Warren Buffet's Berkshire Hathaway Inc. (BRK.A) (BRK.B) stock reached all-time highs Tuesday even though the company's $9 billion bid to purchase power transmission company Oncor fell through.
The deal's failure resulted in Standard & Poor's affirming the company's AA credit rating, saying that the company is no longer at risk for a credit downgrade.
Berkshire had negotiated a $270 million deal breakup fee with Oncor.
Berkshire couldn't maintain its momentum Wednesday afternoon as class A and B shares declined.
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